Selasa, 31 Mei 2022

Piketty's (and David Parker's) blind spot

As Minister of Revenue David Parker is a supporter of French statistician Thomas Pique (who argues that the world is conducive to "participation in socialism" ), it is the policy of the FCT that governs the "higher" taxation and control that Parker recently announced. Sometimes the system should remind us of one of Pickett's blind spots, as Steve Fritzinger mentioned in this guest post, when both are happy to attack assets (and taxes), neither he (nor Parker) has an idea what that fortune was like. created. Who really needs...

Beckett (and Parker) Blind Spot.

Another guest post by Steve Frisinger

I'm an old joke, President Bush (whatever it is) claims that the problem with the French is that they don't have the word "businessman". I don't know if this is a joke for Bush, or for the French, or for both. I know that readers of Capital in the Twenty-first Century by the French economist Tom Piquet can be sure that the joke is true.

Beckett's essay is a 700-page economic volume. This should show that the main problem with capitalism is that investment returns automatically grow faster than the economy as a whole. If true, it would enable a small group of investors to capture a growing share of global wealth. After all, these economic gentlemen will own basically everything. the whole earth. All cars. All possibilities for a happy life.

According to Pike, the only thing that saved us from this fate was the massive devastation caused by several world wars. Had it not been for that silver lining in the rest of those same black clouds, the common man would have already finished sailing, to live the joys of a filthy rich empty layer doing nothing.

Since its publication, Beckett's book has received good reviews and ratings. The progressive left believed that capital was the ultimate justification for their political programme. On the other hand, free market economists have questioned the source and method of obtaining the data. Scholars on both sides have debated his policy recommendation for a global wealth tax to highlight the illicit benefits of the wealthy.

Other commentators are more qualified than me to judge the empirical quality of PCT work. It is better to focus on his strange blind spot.

As for the book of fortune, Beckett asks vehemently where this fortune came from. In the first half of the book, the term "entrepreneur" was used only in the technical sense of self-employment income. There is almost no idea that entrepreneurs take risks and work hard to create a new business.

For Beckett, wealth is something inherited or something that a person is lucky enough to have. Those who earn investment income do not save. They do not participate in social activities. They do not fund new projects or launch new products.

According to Bechet, they are "rented," a word a French acquaintance told me, which has an unpleasant, perhaps even sloppy, meaning. This means the tenant will never lift a finger. As a gangster, the tenants belong to all economic activities that take place in his "region", because he controls it.

As a success and failure investing partner, I can tell you that PKT is not as simple as people thought decades ago. Mark Andreessen, a famous tech investor, stated in a recent interview : “The funny thing about PKT is that they trust their ROI more than any professional investor I've met in my life. Invest in the market for a year or 100 and set it at an amazing price.” He never explained How could this happen."

About half of Beckett's book admits that his portrayal of the tenant can be a bit harsh. He assures the reader that he uses the word only in a narrow technical sense and does not offend him.

But this story comes after discussion of hundreds of rental sites and about tenants willing to lie, cheat or even kill to maintain their lustful status. Beckett often turns to characters in Jane Austen and Junior de Balzac novels to realize just how bad the "host" is. After so many capitalist villains, economists think they'll protest a lot. An inattentive reader may skip Beckett's remarks and walk away thinking that forks and torches are fine.

While his understanding of how productive capital works can be somewhat overwhelming, there is a capital that fully aligns with the expectations of the FCT. This is political capital. Having strong friends is the closest thing to a risk-free, high-return investment.

For example, the words of former US Secretary of State Hillary Clinton. Clinton claims that when she and President Clinton left the White House in 2001, they were worse off than Grandpa Brooke. In fact, they were in debt. Today, Clinton has more than $100 million in data from 1 percent to 1 percent in the 12 short years since the deadlock. This is the rate of return that Professor Beckett must rock in his shoes.

Beckett is not afraid of a return to political power, but considers it a solution to our problems. He called for a global property tax of 80 percent, with periodic supplementary assessments, to abolish the large property tax and reduce inequality in funding government programmes. Implementing this tax would require the equivalent of a global financial system of the National Security Agency, capable of tracking any economic transaction anywhere and ensuring that the global police force does not shirk its responsibilities.

The FCT appears indifferent to the abuses of such an organization.

To protect us from a potential economic elite that has too much control over our lives, the Counter-Terrorism Agreement would give more power to the current political elite that already has too much control over our lives. Fortunately, Beckett himself admits that he has no chance of realizing his plan. However, that doesn't stop progressives from trying. How much damage it can do to the world can be expected for the rest of us to live in Balzac's novel.

******

Steve Fraser is a business consultant in the Washington, DC metro area. He is a regular economist for the BBC World Service Business Daily, where he uses Austrian economic concepts to explain current events and other mysteries. He composed commentary on "Fear the Boom and Bust", Keynes/Hayek's first rap video, and blogs on 2nd Hand Ideas . Steve Liberty co-founded Toastmasters, a DC band that helps Liberty fans develop public speaking skills, and is a member of Liberty on the Rocks DC.

Out-of-focus on inequality

" Those who focus on inequality often forget a historical fact: the market economy has allowed many people to get rich and get out of poverty. This effect is unprecedented in history. You will be surprised."
ব্যবস French business journalist Jean-Philippe Delsell, citing his article " The Great Leveling Process", Anti-PKT: Capital for the 21st Century , pages 5-6 [ L'Anti-PKT reader will be inoculated against analysis and politics]

The NZ Reserve Bank is now in panic mode....

After keeping interest rates so low and launching a $ 53 billion quantitative easing program, [NZ Reserve] is in a panic. They pressurize lenders to buy [and borrow] homes at inflated prices. Debt, closing their eyes in 2008, they agreed to the target and did not learn from the financial crisis.
"RBNZ has been praised around the world for being an unusual New Zealand He was the driving force behind inflation. We have become the gold standard of financial trust.
"It simply came to our notice then.
Robert McCulch , professor of economics at Auckland Union

Once upon a time there were Progressives who actually believed in progress...

“From wealth is good, to wealth is bad”, etc.
- Diagram from Stephen Hick's book Postmodernism Explained .

Long ago there were progressive people who truly believed in progress, who, despite their flaws, believed in a brighter and better future. They were replaced by the New Left around 1970 with the new motto "Learn to live with less , your greedy bastard is full of hate!" The Apollo program is the final applause of the old progressives, and Earth Day environmental awareness is a manifestation of the new left that has come to replace them.
“Now this progress does have some serious drawbacks to progress. One is the willingness to destroy people's personal plans for the sake of their grandiose plans for society. Others grossly underestimate how toxic socialism and government regulation are to the economy, but they still prefer a better, brighter, more prosperous future that says, "Learn to live with less!" The rest of Earth Day is not.
''Deep Lurker'', commentator Samizdat

Senin, 30 Mei 2022

Why do consumers, who interact with markets every day, have essentially no idea where prices come from?

Why is it that every day consumers in the market do not know where the price is coming from ? I think it's because they don't have the motivation to learn. Price including lunar phases and cat food needs. ” Or I may have a complex theory based on supply and demand analysis. Knowing the ocean waves and climate makes you a better navigator Chemistry and physiology make you a better pharmacist It just doesn't work Well the grocery store is one of the best features Free market you want a lot. There is little that motivates people to learn economics and understand economics.
ያን Ian Filmore, an economist at the University of Washington, cites prices that people do not understand

The Clash of Economic Ideas': The Perfect Book for Understanding Our Economic Climate

We are still experiencing an economic crisis (stagflation? Lawrence White's book, written by guest reviewer David Weinberger , helps to explain why 20th-century economists speak so much about reconciling the contradictions of the 20th century with modern economic ideas. ... և Which of the following (և best) answers can be found?

"Conflict of economic ideas." The best book to understand our business environment

Guest comment by David Weinberger

A few business books can be read today, let alone the most interesting ones, but both are Lawrence White Economic Conflict (2012). The major political debates of the last century are a reflection of the economists who created them, and therefore provide an important context for understanding the current state of the economy.

For example, what has kept economists away from free market thinking? Contrary to many people's beliefs, this was not a major economic downturn. Dr. White explains that in the late 19th century, two ideas emerged. First a political movement known as "Progress" and then a movement known as the "German Historical School". Together, they have developed a belief that "scholars" or self-proclaimed leaders should use the government to control the lives of others in the new "scientific" way. In addition, the earlier forms of Marxism and socialism pleased scholars at this time. Interestingly, by the end of the 20th century, federal power in the United States had expanded significantly through laws such as the Sherman Anti-Trust Act, the Hepburn Law , the Federal Reserve Act, and the Federal Revenue Act. Tax. [And here in New Zealand, non-liberal liberals, under the influence of Pamper Reeves, enthusiastically built the first Labor Party and then created New Zealand charities.]

In addition, increasing the power of the government is not limited to these countries. The major powers of the world have mobilized their economies in a more destructive way. The tragedy of Soviet communism is well known. Little is known about the economic history of Nazi Germany. Much of the book is about how the German National Socialist Workers' Party (Nazi) took control of Hitler's economy, including financial control. Centralized "four-year plan"; National Agricultural Policy; Import quotas; Price և Salary control; Rationality; Decisions that determine the quantity of products produced by companies. Simply put, Third Reich was not a free market friend.

A.D. However, the naked FC Hayek, the new best-selling "captive road", came out to counter this misconception. Together with others, including Milton Friedman and Carl Popper, he founded the Mont Peller Coalition in 1947 to reorganize the Free Classic "Classical Economic Principles" and exposed the insanity.

Based on the ideas of older economists such as Ludwig von Mies, one of the arguments against centralism is that government planners have an "unsolvable problem". In a free economy, companies plan based on market information, which is determined by companies and entrepreneurs. If a company is planning a project that does not cover the cost and profit of the resource, then the result of this project, the final product or service, is not enough for users to evaluate the use of those resources. Cost, business should not continue. This profit or loss calculation is very important for planning growth, both for individual organizations and for the economy, the absence of which is the source of the central planning error. When market prices are low, central planners are unaware that their plans will not be able to cover their expenses, which has resulted in a waste of resources and resources that do not even produce basic commodities such as food. As a result, widespread famine in the Communist regime.

Also, consider the fate of the consumer in each of these cases. We often hear that companies under capitalism "exploit" customers, but the reality is that consumers are ultimately under control in a bankrupt economy. They are the ones who determine the price of a product, not the other way around. Businesses make a living by producing the products and services that their customers want, which is why there is a need for price indicators, because even small businesses can survive and fall. In Communism, on the contrary, consumers are caught up in vain, state programmers do not face the consequences of exploitation, they consume resources recklessly. They are the ones who decide what resources are created and how much, not the needs of the customer.

White is good at solving such problems, including the Keynesian / Fischer fiscal intervention that still haunts us today; Over the last hundred years. It is worth reading.

***

David previously worked for a public policy firm. Follow him on Twitter @ DWeinberger03 . Send it to davidweinberger916@gmail.com . His article has previously been published in the Economic Education Foundation .

...allow people long dead to talk inside our heads.

" During the 99% occupation of the planet, no one could read or write. No big discoveries have been made yet. Apart from direct experience, almost everything we know is transmitted orally, there is no need to think about it! "Over tens and hundreds of generations, information will gradually be distorted, lost in phone calls.
"Books change all that. Books that can be bought cheaply allow us to carefully question the past, rely on our own kind of wisdom, understand the point of view of others, not just those in power. Ponder with the best teachers the ideas that have been meticulously taken from nature by the greatest minds of all time, coming from all over the world, throughout our history. They let people talk in our long-dead heads. Books can accompany us everywhere, patient books, where we slowly understand, repeat the difficult passages as much as we want, we never criticize our mistakes ...
"Books can be used to understand the world, to participate in a democratic society."
~ Carl Sagan, in his 1995 book The Demon World. Science as a Candle in the Dark

censorship is a concept that pertains only to governmental action. [updated]

The term expression means freedom from government interference, repression or punitive action and nothing else. It does not mean the right to demand financial assistance or materially express your opinions at the expense of other men who do not want to support you. Freedom of expression includes the freedom to disagree, disobey and support opponents. “Right” does not include the physical exercise of that right by others; It's impossible. Using physical force or coercion; they cannot censor or delete anyone's opinion or post. Only the government can do that. Censorship is a concept that refers only to government actions.
~Lo Rand from his "Neofascist Frontiers" column compiled in Ion Rand's column
Collectivists have for many years defended the idea that refusing to pay an opponent is a violation of the opponent's right to freedom of expression and an act of “censorship”.
They argue that "it is censorship" when a newspaper refuses to rent or publish a book whose ideas are completely contrary to its principles.
They claim "it's censorship" when merchants refuse to advertise in a magazine that denounces them, insults them, offends them...
Newton Mino [the FCC chairman at the time] said at the time: “The ratings, the censorship of advertisers, networks, affiliates who reject programs offered in their territory. This is the same Mr. Mino who threatens to revoke the license of a station that doesn't match his views on the program - and who claims it's not censorship...
“[It's a collective idea] means that the ability to provide the physical means to express an idea prevents a person from accepting the idea. In doing so – and paying a TV sponsor for commentators who choose to discredit his beliefs – the newspaper owner must pass stories on his pages to any rebellious young men who claim to be a slave to the newspaper. "If another group's liability becomes void."
~ Ion Rand, from his article "The Rights of Man" in The Virtue of Selfishness.

Hat Tip by Gus Van Horn , who noted that his misunderstanding persists to this day; Kolgov's claims on the day of the random rally 'coincide with the accusations conservatives like to make today about various social networks' - and while Elon Musk's heart is in the 'right place' for freedom of expression, it still works. freedom of speech means supporting only what the government allows. It's not true.

To put it bluntly [as Van Horn says], I often disagree with the way Twitter runs its platform, so I appreciate (and now believe) that it's mostly up to its owner to do what 'he wants. .
It's no less boring than watching Elon Musk roll around like a white knight - but the same bullshit (which the left thinks everyone is) helps pave the way for 'censorship' and the government to act and exacerbate the real problem.

However, Truth in the Market argues that "Twitter's First Amendment mask concept is just plain inconsistent" and worse, further confuses people about who can censor, which could pave the way for censorship. ( Disinformation Commissioner , anyone?) - "His vision for Twitter is to create content that should have less politically motivated confinement."

Much has been said about what Musk wants to do and whether this is a realistic way to maximize the value of the platform. Twitter's revenue as a single platform is generated by advertisers who want to reach a wider audience. This means that Twitter, like other social media platforms, must consider the cost and benefits of conferencing for its users, while maintaining a balance that adds value to the platform. The history of containment of content on social networks shows that these platforms have found the necessary rules against harassment, abuse, spam, bots, pornography, hostility and misinformation.
It's easy to see how necessary harassment and abuse rules are to prevent users from being harmed. There seems to be a widespread public opinion that such discussions are unbearable. Similarly, spam, bots, and pornography, while legal discourse, are not exactly what social media users want to see.
But there is as much controversy over hate speech and confusion, no matter how much you agree not to ask, as there is controversy over what is acceptable or unacceptable, right or wrong. Social orientation and political issues. It's one thing to ban Nazis because of their hatred. It's quite another, of course , to prevent an outstanding feminist writer from being "misled." And saying that crazy conspiracy theories like QAnon should be easy is another thing to legitimize questioning the effectiveness of masks or vaccines . In these areas, Musk can offer an alternative because, to a large extent, this is seen as a content shift from big tech companies.
It appears that the speech control market is currently not served by major competitors in the social media space. If Twitter can block the needle by offering a more politically neutral moderation policy that still manages sites with enough content to isolate users, it might work and even impact other social media's containment policies.
Let the market decide
Root of the problem: Conservatives who support distrust and regulation of big tech companies for fear of political bias should be prepared to step back and let the market work. And liberals who defend the right of private companies to set the rules for their platforms should defend this policy. Let the market decide.

Minggu, 29 Mei 2022

There was a time when a community would understand that with a more or less fixed resource base, the more the government spends the less is available for the rest of us.

" It was a time when people realized that the more or less fixed resources, the more the government spends, the less it will be for the rest of us. Without it, governments just realize they can't. From the only source that lives here. "
ফ Stephen Cats, Australian Interest Rate և Deficit (New Zealand Chart of Commercial Economy )

Another load of politician's promises...

I saw this when I went to work this morning and it is very good that I did not post. Glory Los knows his hips clearly.

“Reason and free enquiry are the only effectual agents against error.…"

" Wisdom և free consultation is the only effective way to fight against mistakes. [...] Reason and conviction are the only viable tools. This site requires a free consultation; և How can we want others to enjoy it when we give up on ourselves?
~ In his notes on the state of Virginia, written in 1782, Thomas Jefferson refers to the Gary Judd Penitentiary where we can find the principles of civilized society. (And he's right, you know!)

Q: How do you cure inflation? A: You stop printing money.

Question: How is inflation handled?

Hayek: Stop printing money.
~Frederic Hayek, in an interview with Meet the Press , Huttipp David Henderson, asserted that Hayek later spoke in detail: “In a way, press detention is a metaphor, because it is now implemented by the Federal Reserve System.” And still . !

Senin, 23 Mei 2022

People are asking the wrong questions about abortion....

“ People are asking the wrong questions about abortion.
To determine if a fetus is eligible, we must answer the question "When does life begin?" or "Is the fetus a person?" Rather, the questions are as follows.
"What is correct?
"Where they are?
"How do we know this?
“Who has the rights?
“If you answer these questions thoughtfully, with evidence to support your answers, you will be able to tell if the fetus is okay. If you can't, you can't. "I don't know, is anyone okay?"
থেকে Craig Biddle from the article " Frequently Asked Questions About Abortion "

The Modern World Can't Exist Without These Four Ingredients. They All Require Fossil Fuels

“ Modern society would not have been possible without the mass production of many synthetic materials...
“The four pillars of modern civilization, which I call the Four Materials, are in excess of demand: concrete, steel, plastic, and ammonia are in demand more than any other material. Today, the world produces about 4.5 billion people a year. Tons of cement, 1.8 billion tons of steel, nearly 400 One million tons of plastic, 180 million tons of ammonia, but ammonia deserves the first place as our most important component: its composition is the basis of all nitrogen fertilizers, and without its use it is impossible to feed almost half of 8 billion people at current rates.
"In the world's most populous country, the dependence is even higher: three out of five Chinese depend on the synthesis of this compound. This dependence easily justifies naming the synthesis of ammonia as the most important technological advance in history: another invention made by it. Or, if you provide it. Wealth, we will not be able to Ensuring the survival of billions of people who are not yet born...
“These four materials, which vary greatly in properties and quality, have three things in common: they cannot be replaced by any other material (certainly not in the near future or globally); we will need more in the future; and their mass production is highly dependent on the combustion of residual fuels. ..
“The remaining fuels remain indispensable for the production of all these materials.
The manufacture of ammonia uses natural gas as a source of hydrogen and a source of energy needed to maintain high temperatures and pressures. About 85% of all plastics are based on simple molecules derived from natural gas and crude oil, and hydrocarbons provide energy as well. Primary steel production by synthesis begins with the smelting of iron ore in blast furnaces with the addition of coal coke and the addition of natural gas, and the resulting cast iron is converted into steel in large-scale oxygen furnaces. The furnace is heated by low-quality residual fuels such as long inclined metal cylinders, coal dust, petroleum coke and fuel oil.
“As a result, global production of these four important substances accounts for about 17% of the world’s total annual energy and about 25% of total carbon dioxide emissions from burning fossil fuels. The pillars of modern civilization are complex…
“Modern economies, whether it is ammonia-based fertilizers to feed a growing global population, will always depend on a mass flow of materials; plastic, steel, and concrete for new equipment, machinery, facilities and infrastructure; whether new support is needed to produce solar panels, wind turbines, electric cars, and batteries. Until all the energy used to extract and process these materials comes from renewable sources, modern civilization will rely primarily on the remaining fuels used to produce these important materials.This will not change any AI design, software, nor the inevitable “moral” claim.
~ Vaclav Smil from his article in Time “The modern world cannot exist without these four components. He said in his new book, How the World Really Works .” Joe Nova commented: “It's not [usually] an article we've been waiting for in Time magazine. It is a 100% confirmation of the imminent need for fossil fuels."

Napkin Maths to Explain Inflation

Printing and printing does not stimulate or stimulate the economy, David Sukoff reminds us in this guest post. However, the main inflation ...

Lipstick calculation to explain inflation

Guest post by David Sukoff

Legend has it that in 1974, Arthur Lafer described supply-side economics in a paper towel created by Lafer Curve . "And the results are clear!" The more tax you pay in this case, the less you earn. On the contrary, low taxes encourage economic growth. (Lafer curve is often used to show that lowering tax rates increases tax revenue.)

It is easy to see that low wages will reduce employment or that free trade will benefit both parties. For all the recent inflation, Napkin has been using the simple fact that inflation is the cause of inflation (meaning we can borrow money again today or the government will pay). This.). Spend on loved ones).

Of course, we can write books, write research papers, hold town hall meetings, and have regular conversations. However, for some financial problems, you only need a paper towel. In order to apply mathematics to Napkin, the explanation must be clear, concise, and in fact the paper is certified (or derived from Napkin's law, such a 900-word blog). ).

First of all, we have to understand that inflation is primarily a matter of money (as Daniel Agler adjusts profusely here in another post). When money is printed or borrowed, it adds value to the economy.

Time. Full point.

For inflation, we can draw a historical chart of the supply of currency , in this case the US dollar. It is no coincidence that March 2020 is a watershed moment to increase pressure. This is what happened when the federal government pushed for the CVD to "revive" the economy - and that's where inflation began. .

The rest of the area under the lipstick includes a recognizable and beautiful contrast.

The label (number below) is the total cash supply.
The counter (number above) can represent anything. For lipstick, it is only X.
As the account grows, the value of X decreases with the amount of money in the system. This is not rocket science, but it is an undeniable element of math. Lipstick Math.

It does not matter what the "X" is. For example, suppose some people are stuck on a coconut island with the only assets of their small economy, and the total amount of money between them is $ 100. On Monday, coconuts are sold for $ 5 each. But if the island government publishes and distributes $ 100 on Tuesday and nothing happens, the price of coconut will return to $ 10. As an equation, this would be 5/100 = 10/200. With two dollars in circulation, each dollar can now buy half as much as before. (Or as we usually say, the price of coconut has doubled!)

But what if we increased our supply of coconuts? Suppose there were 20 coconuts at first. Then there were 40 coconuts by natural miracle. If the supply increases from $ 100 to $ 200, coconut costs $ 5 each. Thus, the island government can "manage" economic growth by spending money to maintain its supply chain. But if you invest more in coconut development , the cost will increase. We are still comfortable in this fabric.

The US economy is obviously more complex. But logic and math are preserved. Factual data on inflation supports simple logic and arithmetic, which has been repeatedly proven by Lafer.

The so-called First Awakening Law of the Davidic Age On March 27, 2020, it was approved at a key point in the funding table. It was $ 2.2 trillion. The second was approved on December 21, 2020, in addition to the combined expenditure bill of $ 900 billion. The so-called third stimulus bill, the U.S. Rescue Plan, was approved on March 10, 2021, at a cost of $ 1.9 trillion, at a cost of $ 5 trillion. It is based on initial costs. Because we are still doing this, we can understand the funding program more or less, which is currently $ 22 trillion, and the road ahead will be $ 17 trillion. As a result, $ 3 billion - $ 17 billion = $ 5 billion will be diverted to the right path. (This one has five, then twelve to zero!)

As a result, inflation has historically been so high that we had to sleep a little after lunch or two. Considering the obvious link between cash flow and inflation, one might wonder why it is important to take inflation when there are so many accounts. The answer to Napkin Mathematics is well known and clearly we started seeing very early, just like somewhere else. Again, more lipstick is needed, but we can draw flat, stock and stock charts, bitcoin, stone , SPAC , personal guarantees, etc. It was at a time when the press was crowded, prices were rising and consumer goods were being chased. . Unfortunately, these items were not included in the official inflation, so it was easy to lose to unknown analysts.

Unfortunately, we are all suffering from these political mistakes. In fact, the double suspicion is that in addition to the government's push for money, it is also causing inflation, which is behind the epidemic. In contrast, our politicians have underestimated the value of the dollar. The results were clear: a huge asset shift for existing assets (increased equity), capital misalignment (increased risk for failure) and high generational inflation.

Now, as usual, the government is pointing its finger at the outside world and discussing policy solutions that do not identify the source of the problem, but it will certainly grow.

They are responsible. And the ever-increasing cost and pressures of the economy are not the main cause of inflation. The explanation is simple, but the path to politics is clear. Stop spending, no, print money!

***

David Sukoff
Dave Sukoff is a community investment consultant who has previously created a $ 500 million fixed-income fund, is a software company founder, and has created numerous patents. Dave graduated from Massachusetts Institute of Technology with a degree in finance and economics.

His publication appeared in the Economics Education Foundation ( FEE ).

Minggu, 22 Mei 2022

Two hundred years ago, before the advent of capitalism, a man’s social status was fixed from the beginning to the end of his life...

“ Two hundred years ago, before capitalism was created, a person's social status was adjusted from the beginning to the end of his life; He inherited it from his ancestors and never changed. If he is poor, he will always be poor. , And if a rich man is born - a lord or prince - he retains his fortune and his possessions for the rest of his life .... Hundreds of years
“The words used today are often misleading. For example, modern industrialists and great business leaders refer to people as the 'King of Chocolate'. Or ‘Tula Raja’ or ‘One’. The use of the word "car king" shows that there is no difference between a modern industrialist and an ancient king, prince or feudal lord. Or if he is the king of another modern art, it depends on the branch he works for.
থেকে From Ludwig von Miss's first lesson on capitalism in 1958 on the economic policy defining the concept of today and tomorrow

As the power of caucus has weakened, the role of communication specialists become more dominant."

“ In the past, the Caucasian Room was an amphitheater where pressing issues were heatedly discussed. It was less common and the Caucasus faced a decision that already welded the bee and the alliance and/or supported it.
“Covid has tended to exacerbate this trend.
“As the power of the Caucasus weakens, the role of communication experts is becoming more influential. There are more of them in the cabinet and a smaller army of prime ministers and ministers in which everyone resigns.” .
From this post, the order "Caucasian neophytes can prevent the government from knowing what they want in their district "

Say "No!" to Fiscal Child Abuse'

Effective cost of borrowing has implications for young people in society . An unbalanced budget must be allocated, and if additional credit is to be covered, the next generation will be burdened with debt. abuse "...
"At least one political party and responsible government will assess the budget ... but (they) will support future generations by bestowing a number of shortcomings."
ሊያን Julian Darby, Don't Say 2009 Press Release ! Economic abuse of children

The cost-of-living crisis: "It’s not such things as 'supply shocks' or war that are responsible"

" All of this is due to [rapidly rising spending (and the resulting housing crisis]) as [central banks] continue to keep inflation flat. [As a result of [the bank's] actions] a system of tens and hundreds billion].
[supplies] "responsible" are not things like strikes or [war]. Without new "extra cash flows", rising oil prices will be accompanied by lower prices for almost everything. The reason for this is the purchase of oil etc. is to get almost all the extra money spent on the economy without spending it elsewhere, as the total gross spending capacity of the economic system will be limited by a limited amount. The price of oil and [food items] will not be as high as before…
"[Central banks] and the rest of the government think that their job is always to make sure that average stock prices and house prices never fall too low, to fill the economy with so many new things. prices. To achieve this will require additional money ... It can be thought that housing prices should drop significantly ... and the process should go too far.
"At the moment, in the near future, maybe nothing can stop [central banks] from continuing inflation. The big lobbyists are bigoted about this. and intermediaries love this. Homeowners love it, unions love it, the political establishment loves it… As the ecologically clean agenda for energy production dwindles, inflation subsidies will be used to fund it. It will lead to impoverishment, etc. Subsidies will be needed to compensate for them - more inflation.
: George Reisman, Creditor Protection Bill [emphasis added]. For a more detailed explanation of why supply shocks did not lead to higher economic prices , read Chapter 19 of his dissertation, Capitalism [from page 895] [free pdf here ]

PC dan laptop